Elon Musk: Recession ‘A Good Thing,’ Bankruptcies ‘Need to Happen’

Elon Musk: Recession ‘A Good Thing,’ Bankruptcies ‘Need to Happen’
Elon Musk arrives at the In America: An Anthology of Fashion themed Met Gala at the Metropolitan Museum of Art in New York City, New York, on May 2, 2022. Andrew Kelly/Reuters
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Billionaire Elon Musk wrote on Twitter that a recession would be “a good thing,” adding that “some bankruptcies need to happen.”

The Tesla Motors and SpaceX CEO published a poll on his Twitter account, asking, “Who do you trust less? Real question.” He offered two answers: politicians and billionaires. More than 75 percent chose politicians.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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